Covestro (COVTY) Projected to Post Quarterly Earnings on Thursday

Covestro (OTCMKTS:COVTY) is anticipated to announce its earnings results on Thursday, March 6th. Analysts expect the company to announce earnings of ($0.24) per share and revenue of $3.64 billion for the quarter.

Covestro (OTCMKTS:COVTY) last announced its earnings results on Wednesday, February 26th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.30). On average, analysts expect Covestro to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Covestro Price Performance

Shares of OTCMKTS:COVTY opened at $30.59 on Thursday. The business’s 50 day moving average price is $29.61 and its 200-day moving average price is $30.33. The firm has a market capitalization of $11.56 billion, a price-to-earnings ratio of -41.34 and a beta of 1.17. Covestro has a 1 year low of $24.12 and a 1 year high of $32.60.

About Covestro

Covestro AG supplies high-tech polymer materials and application solutions. It operates in two segments, Performance Materials, and Solutions & Specialties. The Performance Materials segment develops, produces, and supplies high-performance materials, such as polyurethanes and polycarbonates, and base chemicals, which include diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins for use in furniture and wood processing, construction, automotive, and transportation industries, as well as roof structures, insulation for buildings and refrigerators, mattresses, car seats, and other applications.